TORONTO, Oct. 20 /CNW/ - Active Control Technology Inc. (TSX-V:ACT) is
pleased to announce the appointment of Dr. Annie Wang as the President of
ACT's new Asia, Pacific and Far East operations.
"We are very excited to have Dr. Wang join our Leadership Team," said
Steve Barrett, President and CEO, Active Control. "Beginning with China, which
we estimate to be the largest market for ActiveMine in the world, Dr. Wang
will help execute, enhance and accelerate our time-to-market there, and build
a solid foundation for our Asia, Pacific and Far East strategy."
Barrett added, "Additionally, Dr. Wang's unique expertise will be
invaluable in achieving safety approvals for ActiveMine on a global basis."
About Dr. Annie Wang
Dr. Annie Wang was born in Beijing, educated in the US, is fluently
bilingual and bi-cultural, and is a US citizen. She has held key management
positions for over 16 years with Industrial Scientific Corporation (ISC), a
global leader in gas detection and monitoring solutions with over 850
employees and operations around the world.
Dr. Wang is an expert in international technology approvals for IS, MSHA,
IEC ex, ATEX, MA, UL, and CE for the coal, oil and gas, and other extreme
environments. She received a Ph.D. in Physics from Stevens Institute of
Technology, New Jersey, USA and a BS in Optics from Huazhong University of
Science and Technology, Wuhan, China.
In 2000, after residing in the US for nearly two decades, she initiated
the ISC China operation and moved to Shanghai, where she successfully built an
ISO 9000 factory with 300 employees for the company. Under her leadership,
ISC's sales in China went from zero to millions of dollars annually, with
seven consecutive years of more than 100% compound growth.
Prior to joining ACT, Dr. Wang was the President of ISC Asia Pacific from
2000 to mid-2008, where she developed several gas monitor products for coal
mines and petrochemical applications. She used these products to open the
China market and achieved over 100% compound growth from 2001 to 2007. Dr.
Wang also held the position of Vice President, Engineering and R&D for ISC
from 1997 to 2006. She created and led the technical teams in both US and
China to develop a portfolio of new products to drive company growth. She
created and implemented a new product development process and hired top notch
engineers. She earned several US patents related to gas sensors and
technologies for safety and industrial hygiene applications for the
underground coal mining and petrochemical industries.
As part of Dr. Wang's compensation, she will be granted 750,000 options
to purchase common shares of ACT at $0.10 per share for five (5) years. Dr.
Wang's appointment is subject to TSX Venture Exchange approval.
About Active Control Technology
ACT designs and markets wireless network control and communication
systems for buildings and extreme environments. Located in Burlington,
Ontario, Canada, the company trades publicly on the TSX Venture Exchange under
the symbol ACT. For more information, visit the company's website at
We make wireless work.(TM)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release
contains forward-looking statements that involve risks and uncertainties,
which may cause actual results to differ materially from the statements made.
When used in this document, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and similar
expressions are intended to identify forward-looking statements. Such
statements reflect our current views with respect to future events and are
subject to such risks and uncertainties. Many factors could cause our actual
results to differ materially from the statements made, including those factors
discussed in filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties, such as
changes in demand for and prices for the products of the Company or the
materials required to produce those products, labour relations problems,
currency and interest rate fluctuations, increased competition and general
economic and market factors, occur or should assumptions underlying the
forward looking statements prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated, or expected. We
do not intend and do not assume any obligation to update these forward-looking
statements, except as required by law. The reader is cautioned not to put
undue reliance on such forward-looking statements.
For further information:
For further information: Steve Barrett, President & C.E.O., Active
Control Technology Inc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691,
Email: email@example.com, Website: www.activecontrol.com; Don
Hogarth, Hogarth Communications Inc. for ACT, Tel.: (416) 565-8920, Email: